Which of the following may shift the labor demand curve?
A. more people entering the labor force
B. a decrease in the value of leisure
C. an increase in the value of leisure
D. an increase in the value of output that firms produce
Answer: D
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Based on the above figure of the costs at Barney's Bagel Bakery, at which level of output will diminishing marginal returns first occur?
A) at 1 bagel B) at 500 bagels C) at 2000 bagels D) at 3000 bagels
If opportunity costs are ________, the production possibilities frontier would be graphed as a negatively sloped straight line
A) increasing B) constant C) decreasing D) negative
Examples of assets that are included in household wealth would be
A) stocks, credit cards, and savings accounts. B) stocks, bonds, and savings accounts. C) stocks, bonds, and mortgages. D) stocks, loans owed, and savings accounts.
What "backs" the money supply?
A. The amount of gold the U.S. government has on deposit at its banks. B. The fact that the intrinsic value of coins in circulation is greater than their face value. C. The U.S. government's ability to keep the value of money relatively stable. D. The fact that currency is issued as Federal Reserve Notes.